The average adjustment procedure consists of two main phases:

1. Consideration of the request for recognition of the existence of general average and issuance of motivated decree for admittance of the existence of general average or its rejection;
2. Drawing up and issuance of the general average adjustment.

The general average adjustment must contain:

• The date and place of issuance;
• The full names of the average adjuster or the average adjusters who drew up the general average adjustment and Personal ID;
• Short description of the circumstances;
• Ruling of the average adjuster;
• Determination of the losses and expenses of the general average;
• Determination of currency;
• Determination of the contributory value of the vessel;
• Determination of the freight value;
• Determination of the contributory value of the cargo;
• Determination of the losses and admitted in the general average;
• Contributory capital;
• Distribution of the general average;
• Balance and final account;
• Account between the participants in the general average;
• Settlement of the cash deposits;
• Enclosures